Sensex down 100pts; SBI drops 4%

The Sensex is now down 100 points at 14,109.

ACC has slumped 5.5% to Rs 1,055. Gujarat Ambuja has slipped 2.5% to Rs 143, and Grasim is down nearly 2% to Rs 2,840.

Dr.Reddy's has plunged 4% to Rs 778. SBI has shed 3.5% to Rs 1,181.

HLL has dropped 2% to Rs 220. ICICI Bank, HDFC Bank and Maruti have declined over 1.5% each to Rs 961, Rs 1,039 and Rs 924, respectively.

Tata Motors, Larsen & Toubro, Hero Honda and Tata Steel are the other major losers.

Bharti Airtel has advanced over 2% to Rs 691.

Out of 2,559 stocks traded so far, 1,458 have declined, 1,048 have advanced and 53 are unchanged.